Saudi Arabia is currently exploring the establishment of a regulatory framework for follow-on share offerings (FSOs). Authorities are deliberating the implementation of guidelines that would govern the process of companies issuing additional shares after...

Google has recently disclosed a series of open artificial intelligence (AI) models, a strategic move following Meta’s developments in the tech landscape. The release encompasses various AI models, designed to foster collaboration and innovation in the bro...

UAE’s Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, recently graced the graduation ceremony at Rashid Bin Saeed Al Maktoum Naval College. The event, held in line with UAE’s commitment to excellence in maritime education, witnessed the co...

Akasa Air has successfully inaugurated its inaugural international flights departing from Doha. The airline, headquartered in India, has expanded its operations to include international routes, marking a significant milestone in its growth strategy. The m...

Kuwait has reversed a previous decree that suspended appointments, promotions, and transfers within the public sector. The decision, which had caused concerns and discussions within the community, has been met with a mixed response. The initial decree, im...

Saudi Arabia and Egypt are joining forces in a substantial real estate investment endeavor, pooling resources to embark on projects valued at $1 billion. The collaboration, aimed at fostering economic growth and strengthening bilateral ties, signifies a s...

Renowned investor Cathie Wood’s ARK Invest, established in 2014, manages 14 ETFs, gaining prominence for groundbreaking investment approaches. ARK Invest, initiated with funding from Bill Hwang of Carchegos Capital, distinguishes itself by offering a dive...

Dubai, UAE – Strengthening international financial ties, the Dubai Financial Services Authority (DFSA) has entered into a Memorandum of Understanding (MoU) with the Central Bank of Mauritius. The move aims to enhance regulatory cooperation and foster a mo...

Leading financial experts at the Riyadh Forum conveyed a sense of genuine excitement among global investors regarding the Saudi capital market. The consensus emerged during discussions at the forum, indicating a positive outlook and heightened interest in...

Saudi Arabia has issued a stern warning regarding Value Added Tax (VAT) compliance, emphasizing the necessity for businesses and individuals to adhere to the regulations. The General Authority of Zakat and Tax (GAZT) has underscored the importance of time...

Aerial images have emerged, unveiling the vast extent of Saudi Arabia’s ambitious £800 billion project, ‘The Line.’ The photos showcase the magnitude of this undertaking, offering a glimpse into the transformative endeavor set to reshape the nation’s land...

Saudi Arabia has officially revealed plans to initiate a tender process for a significant highway project spanning 136 kilometers. The announcement, made by Saudi authorities, underscores the nation’s commitment to advancing its infrastructure. The propos...

Former Marine and legal expert in cryptocurrencies, John Deaton, is set to challenge Democratic Senator Elizabeth Warren in the upcoming election. Deaton, known for his advocacy in the crypto space, has announced his bid for the Senate seat, aiming to bri...

In a surprising political move, a prominent crypto attorney has officially announced their candidacy for the United States Senate, challenging incumbent Senator Elizabeth Warren. The attorney, well-versed in cryptocurrency and blockchain regulations, aims...

The landscape of payments is undergoing a fierce three-way competition involving traditional banks, innovative fintech companies, and the rising influence of cryptocurrencies. As financial ecosystems evolve, each player vies for supremacy in shaping the f...